topic Re: do credit unions pull auto enhanced scores? in Auto Loans

do credit unions pull auto enhanced scores?

delite11 — Sun, 12 Aug 2012 07:33:58 GMT

or regular fico?

Re: do credit unions pull auto enhanced scores?

tcbofade — Sun, 12 Aug 2012 11:47:56 GMT

I believe that mine uses a regular Fico.

Re: do credit unions pull auto enhanced scores?

pizzadude — Sun, 12 Aug 2012 13:59:35 GMT

tcbofade wrote:
I believe that mine uses a regular Fico.

Same here in my experience, both CUs that I applied for auto financing pulled a Classic FICO score, not auto enhanced. YMMV of course, you can always ask the loan officers/managers, they might be able to tell you.

Re: do credit unions pull auto enhanced scores?

Revelate — Mon, 13 Aug 2012 00:36:27 GMT

Depends on CU. In general, the larger the CU, the more likely it'll be auto-enhanced. Most AFAIK, probably aren't.

That said, if you get approved from a good CU, it really doesn't seem to matter anyway with the rates they're typically offering.

Re: do credit unions pull auto enhanced scores?

nuggets321 — Mon, 13 Aug 2012 04:16:11 GMT

A little credit union that I belong to pulls both regular AND auto-enhanced, Ive been talking to one fo their ladies for a month or so gathering info and have found out while they pull both versions they are Equifiax only... this is in Colorado

Re: do credit unions pull auto enhanced scores?

Revelate — Tue, 14 Aug 2012 06:43:34 GMT

nuggets321 wrote:
A little credit union that I belong to pulls both regular AND auto-enhanced, Ive been talking to one fo their ladies for a month or so gathering info and have found out while they pull both versions they are Equifiax only... this is in Colorado

Yeah, I don't know why CU's wouldn't but anecdotally they seem to be all over the map on that. I have to assume that a Classic pull costs the same as any industry option including an auto-enhanced; however, since a number of CU's are pretty technically unsophisticated it's possible that it's just sloppiness in their systems, or that they just don't care / feel it makes any substantial difference.

That said the big honking lenders with copious amounts of customer data all tend to pull auto-enhanced for a car loan. Presumably they wouldn't do that unless they felt it was more accurate and therefore more profitable to do so.

Re: do credit unions pull auto enhanced scores?

delite11 — Tue, 14 Aug 2012 16:56:55 GMT

My auto credit is excellent.. my regular fico not so much..

Most people would assume that the credit union will give me a better rate.. but - would't agencies that used my auto enhanced score give me a better rate?

I'm going to a CU and through the dealership financing to compare regardless..

Re: do credit unions pull auto enhanced scores?

Cellice — Tue, 14 Aug 2012 17:03:02 GMT

I would recommend calling them any ask what they do. Remember your normal credit info gets taken into account on your auto-enhanced score ;)

Re: do credit unions pull auto enhanced scores?

marty56 — Sun, 19 Aug 2012 20:53:07 GMT

IMHO mine (RBFCU) pulled regular TU score.